NKLA rejected off 23.8 Fibb level, target at sub 10-15
NKLA bad sign for the bulls, rejection off 23.8 fibb level after falling into the close today. Overall, on fundamentals, I'm not the biggest fan of NKLA, if you want to invest in EVs, get TSLA, however, the technicals are just not adding up. Constant rejection and false breakouts of basically all fibb levels, and now we are back from 90+ to 20. Still got some way to fall in my opinion. Copyright Rohan Karunaratne 2020